Weekly Market Breadth Report — June 26, 2026
This report is AI-generated from Chartlas's market data and breadth analytics. It is not human-written market commentary and does not constitute investment advice.
Market Overview
S&P 500 fell this week (-2.0%) to 7,354. MSCI World (ACWI) lost -2.2% to 154. Both momentum (1/6) and trend (1/6) are weak. Broad weakness across timeframes — slightly above-average forward returns from mean-reversion. Best performer: FTSE 100 (+1.4%). Weakest: Hang Seng (-5.2%).
| Metric | This Week | Last Week | 1Y Avg | Z (1Y) |
|---|---|---|---|---|
| Bullish Signal % | 38.9% | 55.0% | 54.0% | -2.6 |
| Bullish Signals | 104,566 | 115,121 | ||
| Bearish Signals | 164,407 | 94,193 |
Net bullish balance of -59,841 puts this week in the bottom ~5% of all weeks over the past year (z=-2.6).
S&P 500 price with regime signal markers. Green triangles = bullish signals, red triangles = bearish signals.
Key Takeaways
- 🔴 S&P 500: Fell -2.0% to 7,354. Both momentum and trend breadth are weak — broad weakness across timeframes.
- 🔴 MSCI World (ACWI): Lost -2.2% — selling pressure is global.
- 🔴 Breadth: Both momentum (1/6) and trend (1/6) are weak. Broad weakness across timeframes — slightly above-average forward returns from mean-reversion.
- 🔴 Breadth — 52-Week High/Low: At an extreme reading (z=-3.1). Uncommon weakness — could mark a washout or further downside.
- 🟡 S&P 500: A High/Low Divergence fired — the advance-decline line hit a 60-day high but new highs failed to keep pace. Hidden weakness under the surface despite the positive headline.
Stocks with the Most Signals
Large-cap stocks ($10B+) with 5+ signals fired this week.
| Symbol | Name | Sector | Signals | Net | 1W % |
|---|---|---|---|---|---|
| 302132.SZ | AVIC Chengdu Aircraft Company | Technology | 48 | -48 | +0% |
| 600460.SS | Hangzhou Silan Microelectronic | Technology | 30 | +24 | +20% |
| PLTR | Palantir Technologies Inc. | Technology | 28 | -22 | -12% |
| 600999.SS | China Merchants Securities Co. | Financial Services | 28 | +20 | +10% |
| 600703.SS | Sanan Optoelectronics Co.,Ltd | Technology | 28 | +24 | +24% |
| 002371.SZ | NAURA Technology Group Co., Lt | Technology | 27 | +23 | +13% |
| 601066.SS | CSC Financial Co., Ltd. | Financial Services | 27 | +19 | +22% |
| 002409.SZ | Jiangsu Yoke Technology Co., L | Technology | 27 | +23 | +26% |
Momentum Breadth
Short-term oscillators and price velocity indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Advance / Decline | -17,796 | -8,220 | -9,576 | -1.5 | Weakening |
| New 20D High/Low | -10,350 | -864 | -9,486 | -1.5 | Weakening |
| MACD Breadth | -2,113 | +4,036 | -6,149 | -0.8 | Flipped bearish |
| RSI Extremes | +199 | +160 | +39 | +0.8 | Strengthening |
| Bollinger Band | -524 | -1,968 | +1,444 | +0.2 | Improving |
| Weekly Movers (±10%) | -3,464 | +9,034 | -12,498 | -1.5 | Flipped bearish |
New 20D High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.5.
Trend Breadth
Longer-term structural indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| 52-Week High/Low | -6,132 | -123 | -6,009 | -3.1 | Weakening |
| Fresh 52W High/Low | -822 | +127 | -949 | -2.7 | Flipped bearish |
| 200 DMA Breadth | -17,235 | -10,405 | -6,830 | -2.1 | Weakening |
| MA Cross (Golden/Death) | -194 | +52 | -246 | -0.8 | Flipped bearish |
| HH/HL Structure | -155 | -86 | -69 | -1.0 | Weakening |
| Breakout / Breakdown | +413 | +361 | +52 | -0.7 | Strengthening |
52-Week High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -3.1.
Pattern Breadth
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Double Top/Bottom | -445 | -94 | -351 | -1.5 | Weakening |
| Failed Pattern | +2 | +271 | -269 | +0.3 | Deteriorating |
Major ETF Signals
| Ticker | Name | Momentum | Trend | Pattern | Net | Z (1Y) |
|---|---|---|---|---|---|---|
| IWM | Russell 2000 | 4↑ 1↓ | 8↑ | — | +11 | +1.8 |
| EWJ | Japan | 2↑ 5↓ | 3↑ 1↓ | — | -1 | -0.7 |
| IBIT | Bitcoin | 5↓ | 5↓ | — | -10 | -1.7 |
| TLT | 20+ Year Treasury | 2↑ 5↓ | 2↑ | — | -1 | -0.5 |
| EEM | Emerging Markets | 4↓ | 2↑ 1↓ | — | -3 | -1.1 |
| DIA | Dow Jones | 3↓ | 4↑ | — | +1 | -0.0 |
| USO | Oil (USO) | 2↑ 5↓ | — | — | -3 | -0.8 |
| GLD | Gold | 4↑ | 1↓ | — | +3 | +0.1 |
| HYG | High Yield Corp | 1↓ | 1↑ 2↓ | — | -2 | -0.7 |
| QQQ | NASDAQ 100 | 2↓ | 1↓ | — | -3 | -1.2 |
| EFA | EAFE (Dev ex-US) | 1↑ | 1↓ | — | +0 | -0.3 |
| SPY | S&P 500 | 1↑ | 1↓ | — | +0 | -0.8 |
IWM weekly net signals (bars) with IWM price (blue line, right axis). 1Y z-score: +1.8.
Sector Breadth (Advance/Decline)
| Sector | Net | % Bullish | Z (1Y) |
|---|---|---|---|
| Real Estate | +327 | 53.3% | +0.5 |
| Healthcare | -202 | 48.9% | +0.1 |
| Financial Services | -246 | 48.7% | -0.3 |
| Consumer Defensive | -351 | 46.8% | -0.4 |
| Utilities | -360 | 42.3% | -1.4 |
| Energy | -647 | 37.0% | -1.9 |
| Communication Services | -719 | 39.2% | -1.5 |
| Consumer Cyclical | -1,871 | 41.8% | -1.1 |
| Basic Materials | -3,111 | 33.4% | -2.2 |
| Technology | -4,239 | 34.5% | -2.0 |
| Industrials | -5,062 | 36.4% | -2.0 |
Basic Materials sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: -2.2.
What to Watch Next Week
- 200 DMA Breadth at -17,235. Continuing to weaken.
- RSI Extremes leading at +199. Watch for continuation vs exhaustion.
- MACD Breadth just flipped — need follow-through to confirm.
Last Week We Said
From our report on June 19:
- 🟡 S&P 500: Flat this week at 7,501 (+0.9%).
- 🟡 Breadth: Momentum (3/6) and trend (3/6) are both in the mid-range. Near-baseline forward returns — no strong directional signal from breadth.
- 🔴 Breadth — 200 DMA Breadth: At an extreme reading (z=-1.8). Uncommon weakness — could mark a washout or further downside.
What happened: S&P 500 fell -2.0% this week. The cautionary signals proved prescient.
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